Apollo Global Management, the Financial sector company, was revisited by a Wall Street analyst on December 10. Analyst Alexander Blostein from Goldman Sachs maintained a Buy rating on the stock and has a $157.00 price target.
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Alexander Blostein has given his Buy rating due to a combination of factors that highlight Apollo Global Management’s strategic positioning and growth potential. The company emphasizes its origination capabilities as a fundamental growth driver, with management identifying three key areas: granular risk platforms, direct corporate origination, and collaborations with the banking system. This focus on origination is seen as a critical constraint for growth, and Apollo’s ability to leverage these opportunities positions it favorably in the market.
Additionally, Apollo’s perspective on private credit remains positive, viewing direct lending as an attractive investment compared to equity and public high yield alternatives. Despite acknowledging potential risks such as an increase in defaults, the management does not express significant concern at present. The firm’s robust fundraising outlook and potential for new growth channels further support the Buy rating, as Apollo is well-positioned to capitalize on emerging opportunities in the financial services sector.
In another report released yesterday, Barclays also assigned a Buy rating to the stock with a $150.33 price target.
APO’s price has also changed slightly for the past six months – from $135.620 to $149.080, which is a 9.92% increase.